These are Dollar denominated promissory notes* issued by First Metro Investment Corporation, earning a competitive interest rate at an affordable minimum investment requirement.

Product Features

Minimum Investment Requirement

USD 5,000.00

Tenor

Usually quoted 1 -3 months a year

Rate

Varies daily depending on market and tenor

Interest Computation

Simple Interest Computation: (Principal x Net Rate x Tenor) / 360

Tax Feature

Subject to the 20% withholding tax

Documentation

Promissory Note

Liquidity Policy

First Metro will impose penalty depending on the remaining tenor of the instrument.

Trading Hours

Cut-off time is 12:00 noon

Advantages

The instrument bears attractive returns as compared with Dollar Time Deposit.

*This is not a deposit account. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.